You won't find gold as an FX pair in the U.S. What I was getting at in Post #2 is the fact that metals are legally designated as commodities in the U.S.
As the OP mentioned, gold and silver Futures are available in the U.S. Hint: There are only 2 MT5 Futures clearing brokers in the U.S.--aside from introducing brokers (middlemen). One even has an official mql5.com Forum page. Just be aware that leverage is much lower, so you'll need more trading capital.
There is no leverage on spot gold in the U.S. and there are no MT5 brokers for spot gold in the U.S.
What you're looking for is the USGOLD symbol.*
* Not allowed In the US States of Arizona, Montana, New Hampshire, nor Rhode Island.
I've never seen spot silver in the US.
That is all I can say here.
In the U.S. you won’t find XAUUSD as a normal forex pair. Metals are treated as commodities, so the only regulated way is through futures (like the USGOLD contract on CME/COMEX). Leverage is much lower compared to forex, so you need more margin, but that’s just how it is here.
Some people use ETFs (GLD, GDX, etc.) or mining stocks if they don’t want to deal with futures, but spot gold on MT5/FX brokers isn’t available for U.S. residents.
[T]he only regulated way is through futures (like the USGOLD contract on CME/COMEX).
Correction: In the U.S., USGOLD is the symbol for a spot gold contract in a niche exchange such as IBMETAL, while GC[month and year codes] is the symbol for a gold futures contract in the broader COMEX exchange under the CME umbrella.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Any ideas what are others doing ?